Use the Information Below to Answer the Following Question(s)

question 86

Multiple Choice

Use the information below to answer the following question(s) .

During the year, Cornell produced and sold 60,000 units of product at a sale price of $8.00 per unit. There was no beginning inventory of product at the start of the year.
-The Sage Group produces a single product selling for $60 per unit. Variable costs are $12 per unit and total fixed costs are $6,000. What is the contribution margin ratio?

• A) 0.48
• B) 0.20
• C) 0.80
• D) 1.25

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Definitions:

Functional Assessment

An evaluative process that identifies the purpose or function of a behavior, typically to develop more effective interventions.

Precisely Defined

Characterized by clear, unambiguous, and exact terms or conditions without vagueness.

Task Analysis

The process of breaking down a task into its subtasks, and the strategy necessary for individuals to combine the subtasks into competent performance on the task.

Subtasks

The simpler requisite skills individuals must possess in order to competently perform the main task.